Active Listing  ·  10 days on market

2209 S 1st St #217

Austin, TX 78704
$429,000
1 Bed 1 Bath 756 sqft $567/sqft Built 2023 0.02 acres 1-Car Garage Pool New Construction Bouldin

HUGE PRICE CUT! *Contact agent for location and access. We would love to join you and provide a community tour* **CALLING ALL Investors and First Time Home Owners**Rare One Oak unit priced to sell and includes leasing permit if needed! Leasing permit must be used within 6 months of closing . HOA rules allow for leases 3 months and longer. No STR. Contact listing agent for off-market units. This stunning community is new to market at a price you won’t find anywhere else in the Bouldin Creek neighborhood of South Austin! Welcome to One Oak, where modern luxury meets iconic Austin charm in the heart of Bouldin Creek. Ideally located just moments from South Congress and South 1st St, this boutique 105-residence community redefines elevated city living. Developed by Intracorp, One Oak sets a new benchmark for design and craftsmanship in one of Austin’s most beloved areas.Residence 217 presents a rare opportunity to own in this sought-after development as a limited number of developer-owned units hit the market for the first time. This one-bedroom stunner is anything but ordinary—thoughtfully designed with generous proportions and smart functionality throughout.Step into a light-filled open floor plan featuring a sleek Italkraft kitchen outfitted with premium stainless steel appliances, upgraded pantry and an oversized island perfect for cooking or entertaining. The airy living and dining spaces flow seamlessly onto a private oversized covered terrace, ideal for morning coffee or sunset lounging.The spacious bedroom offers enough room for a home office, fitness corner, or reading nook, and connects to a spa-like bathroom with dual vanities, a frameless glass shower, and a massive walk-in closet. Finished in One Oak’s exclusive Dramatic design package. Enjoy access to top-tier amenities, including a resort-style infinity-edge pool with cabanas, indoor and outdoor fitness centers, co-working lounges, and vibrant entertaining spaces—all designed to fit your lifestyle.

At $567/sqft, this home is priced 44% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2209 S 1st St #217, Austin, TX 78704

Property Details

Price $429,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 756 sqft
Lot Size 0.02 acres (740.52 sqft)
Year Built 2023
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Bouldin
County Travis
Zip Code 78704
$/sqft $567/sqft
Days on Market ,
HOA $363/Monthly
Annual Tax Est. $8,318.92
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT246639433
List Date September 12, 2026
Elementary School Travis Hts
Middle School Lively
High School Austin
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
2403 S 2nd St
Bouldin
$450,000 $804 2 bd / 1 ba 560 sqft , 2026-04-17
900 S 1st St #416
Bouldin Creek
$450,000 $564 1 bd / 1 ba 798 sqft , 2026-09-10
2215 Post Rd #1018
Travis Oaks Condo Amd
$399,000 $408 2 bd / 2 ba 977 sqft , 2026-07-03
2209 S 1st St #231
Bouldin
$399,000 $577 1 bd / 1 ba 692 sqft , 2026-07-13
2804 Treble Ln #921
Denizen Condo Amd
$399,000 $422 2 bd / 1 ba 945 sqft , 2026-07-28

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,059/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$85,800
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,059
Principal + Interest−$2,341
Property Tax (~2.1% TX avg)−$751
Insurance (~0.5%)−$179
Est. Monthly Cash Flow $-1,212

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Neighborhood Context

About Bouldin Creek

Bouldin Creek is the neighborhood that defines South Austin to most Austinites. Bounded by South Lamar to the west and South First to the east, it sits at the center of South Austin's restaurant and nightlife scene while maintaining the residential feel that makes it so desirable.

The housing stock is predominantly craftsman bungalows and cottages - the kind of homes you'd see on real estate Instagram if it actually showed real neighborhoods. Many have been lovingly renovated while maintaining their character. New construction townhomes and modern infill have appeared, but the neighborhood has enough historic character to absorb them without losing its identity.

South First Corridor

South First Street runs through the neighborhood with a concentration of beloved coffee shops, restaurants, and bars. Jo's Coffee, Home Slice Pizza, and Hopdoddy are all minutes away.

🏡
Bungalow Character

Among Austin's highest concentrations of intact craftsman bungalows. The architecture gives the neighborhood an identity and cohesion that newer areas lack.

🐕
Dog-Friendly

Bouldin Creek is extremely dog-friendly - multiple off-leash areas, dog-friendly patios, and a culture that treats dogs as full community members.

🎸
Music & Nightlife

Walking distance to Emo's, Continental Club, and the entire South Lamar nightlife corridor. Live music is part of the daily soundtrack.

Full Bouldin Creek Guide →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 20, 2026.

📞 (254) 718-2567 [email protected] More about Luke →